Planning for the entry of foreign companies

Planning for the entry of foreign companies
  • 2021-04-21
  • .
Deputy Minister of Industry: If the situation changes, we must have a plan to attract foreign investment, and this issue is being planned. Since we have a good experience from the past, we can use it.

According to the International Iranian Stone Exhibition, Hamid Zadboom said about the preparations for the entry of foreign companies in case of possible lifting of sanctions: "We have designed two scenarios for optimistic and pessimistic situations for the year 1400, and based on that, we will set commodity and national targets." We need to plan so that while we are ready for the arrival of foreign companies, the program is being designed; We have to plan as if this situation continues. We should not include optimistic scenarios in our actions, but our actions will be based on the existing conditions.

He added: "Of course, it is also true that if the situation changes, we must have a plan to attract foreign investment, so this issue is being planned. Since we have a good experience from the past, we can use it.

Referring to the need for education and awareness of Iranian companies, Deputy Minister Samat said: "International trade has frameworks that require full control of the Iranian parties over its information." No matter how professional our companies are on this issue, they can benefit from it. The only thing we can do; Advice and training is for companies to be aware of what they can do legally.

The head of the Trade Development Organization added: "Therefore, the practical guarantee of contracts depends on the skills of domestic companies in negotiating and making commitments. We tried to provide them with information." The ITC, for example, has information, one of which is how to contract with foreign companies, and this information is available to Iranian companies. We try to empower Iranian companies and train them to operate within the framework of international trade. Unfortunately, some companies do not pay attention to international rules and regulations, which can be challenging.